Perennial International (HKSE:00725) ROCE % : 5.73% (As of Dec. 2023)

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What is Perennial International ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Perennial International's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.73%.

Perennial International ROCE % Historical Data

The historical data trend for Perennial International's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Perennial International ROCE % Chart

Perennial International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.94

-3.29

3.25

5.44

4.43

Perennial International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															2.76	4.38	4.54	1.53	5.73

Perennial International ROCE % Calculation

Perennial International's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	18.301	/	( ( (467.328 - 56.671)	+	(454.852 - 39.099) )	/ 2 )
	=	18.301	/	( (410.657	+	415.753)	/ 2 )
	=	18.301	/	413.205
	=	4.43 %

Perennial International's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	28.906	/	( ( (639.513 - 46.266)	+	(454.852 - 39.099) )	/ 2 )
	=	28.906	/	( ( 593.247	+	415.753 )	/ 2 )
	=	28.906	/	504.5
	=	5.73 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Perennial International (HKSE:00725) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Perennial International ROCE % Related Terms

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Perennial International (HKSE:00725) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Perennial International Ltd (HKSE:00725) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1 Science Museum Road, Units 2002-2006, 20th Floor, Greenfield Tower, Concordia Plaza, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://perennial.todayir.com

Perennial International Ltd is investment holding. Its subsidiaries are principally engaged in the manufacturing and trading of electric cable and wire products. Geographically the company generates revenue from Hong Kong, Mainland China, America, Japan and Other countries. The majority of the company's revenue is earned in America.

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